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The Financial Express

Search results for: Trade

Boeing to pay $200m to settle charges on misleading investors about 737 MAX

Boeing to pay $200m to settle charges on misleading investors about 737 MAX

-- 2022-09-23 17:51:43

Boeing Co will pay $200 million to settle civil charges by the US Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashe...

Political stability, good incentives entice Saudi investment in Bangladesh: Envoy

Political stability, good incentives entice Saudi investment in Bangladesh: Envoy

-- 2022-09-23 17:24:32

Ambassador of the Kingdom of Saudi Arabia (KSA) to Bangladesh Essa bin Yousef Al Duhailan has said Saudi companies have expressed their eagerness to invest in Bangladesh in various sectors because of...

Bosses think workers do less from home, says Microsoft

Bosses think workers do less from home, says Microsoft

BBC 2022-09-23 13:52:13

A major new survey from Microsoft shows that bosses and workers fundamentally disagree about productivity when working from home. Bosses worry about whether working from home is as produc...

Dhaka, Phnom Penh to sign FTA for boosting trade cooperation

Dhaka, Phnom Penh to sign FTA for boosting trade cooperation

-- 2022-09-23 10:33:06

Bangladesh and Cambodia are expected to sign Free Trade Agreement (FTA) as the Prime Ministers of both the countries have agreed to do it for further expanding the area of trade cooperation. During a...

Govt against egg import to protect interests of local poultry farmers

Govt against egg import to protect interests of local poultry farmers

FE REPORT 2022-09-23 09:16:31

Government will not allow import of eggs in order to protect interests of the local poultry farmers, Agriculture Minister Dr Mohammad Abdur Razzaque said on Thursday. "We (the government) will not...

New MRP of palm oil, sugar from Sunday

New MRP of palm oil, sugar from Sunday

FE REPORT 2022-09-23 08:58:45

The government revised maximum retail price (MRP) of palm oil and sugar on Thursday by reducing prices of the essentials, effective from Sunday. The Ministry of Commerce (MoC), as per recommendations...

Service Hub gets PSO licence

Service Hub gets PSO licence

FE REPORT 2022-09-23 08:55:57

Bangladesh Bank (BB) on Thursday issued a payment system operator (PSO) licence in favour of Service Hub Limited for providing online payment services in the country. The PSO's brand name is PaySta...

Dollar dearth, demand drop sink ship-breaking industry

Dollar dearth, demand drop sink ship-breaking industry

MONIRA MUNNI 2022-09-23 08:50:37

Scrap-ship imports have drastically dropped for dollar dearth and demand-side problems in Bangladesh, sources say, thus imperiling linkage industries and construction sector under knock-on impacts. L...

Bangladesh Bank allows return of six banks' MDs

Bangladesh Bank allows return of six banks' MDs

-- 2022-09-22 22:05:52

Bangladesh Bank has allowed the return of the managing directors (MDs) of six banks, who were removed from their positions for making "excessive profits by trading dollars, ignoring banking norms amid...

Palm oil price drops by Tk 12, sugar by Tk 6

Palm oil price drops by Tk 12, sugar by Tk 6

-- 2022-09-22 20:09:52

The government has reduced the price of palm oil by Tk 12 per litre to be sold at Tk 133 while the price of sugar by Tk 6 per KG at Tk 89. Senior Secretary of the Ministry of Commerce Tapan Kanti Gho...

Bangladesh ranks 18th at bottom on digital environment for entrepreneurs

Bangladesh ranks 18th at bottom on digital environment for entrepreneurs

SAJIBUR RAHMAN 2022-09-22 14:42:53

Bangladesh stood at the bottom 18th of a global ranking on digital environment and support systems for entrepreneurs, reflecting poor opportunities and lack of congenial atmosphere for them to thrive...

Labour rules changes unclear, conflicting with existing law

Labour rules changes unclear, conflicting with existing law

FE REPORT 2022-09-22 10:19:49

The government has brought 101 amendments and additions to the Bangladesh Labour Rules 2015, of which many are still unclear and conflicting with the existing labour law, said labour leaders and right...

Govt for change in scrutiny process of imported food items served on flights

Govt for change in scrutiny process of imported food items served on flights

FE REPORT 2022-09-22 08:38:20

The government wants to bring some changes in the examination process of imported food products served on Biman and other flights, aiming to ensure quality of such items. The Ministry of Civil Avia...

Ensure proper use of lands in EZs: BEZA EC

Ensure proper use of lands in EZs: BEZA EC

FE REPORT 2022-09-22 08:36:05

Bangladesh Economic Zones Authority (BEZA) Executive Chairman (EC) Shaikh Yusuf Harun urged the investors on Wednesday to ensure proper use of the lands, allocated to them in different economic zones...

Uber BD in place of Rasier

Uber BD in place of Rasier

ISMAIL HOSSAIN 2022-09-22 08:30:03

Uber Bangladesh Ltd (UBL) has been appointed as the lead generation service for its ride-sharing operations in the country as Dutch firm Rasier Operations BV left the charge in August. The transfer o...

Govt buying huge soybean oil for rationing

Govt buying huge soybean oil for rationing

FE REPORT 2022-09-22 08:26:11

The government will procure another 16.5 million litres of soybean oil for the Trading Corporation of Bangladesh (TCB) to sell at subsidised prices, as prices of the edible oil continue to be high. T...

BCC cases against 11 cos, traders

BCC cases against 11 cos, traders

YASIR WARDAD 2022-09-22 08:10:17

Bangladesh Competition Commission (BCC) has filed cases against 11 companies and individual traders allegedly for market manipulation by jacking up prices of many daily essential commodities since the...

YouTube plans to share revenue with Shorts creators to challenge TikTok

YouTube plans to share revenue with Shorts creators to challenge TikTok

-- 2022-09-21 17:59:19

YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned streaming service announced Tuesday that it would introdu...

Ctg port earns record Tk 35.85b in FY 22

Ctg port earns record Tk 35.85b in FY 22

NAZIMUDDIN SHYAMOL 2022-09-21 11:12:43

CHATTOGRAM: Chittagong port, the prime seaport of the country, earned a record Tk 35.85 billion in the last fiscal year of 2021-2022 (FY 22). After paying all the expenditure including charges, taxes...

BB asks banks, FIs to frame own policies

BB asks banks, FIs to frame own policies

FE REPORT 2022-09-21 08:20:22

Bangladesh Bank (BB) has requested banks and financial institutions (FIs) to formulate their own green bond-financing policies to facilitate investment in green projects and help achieve sustainable d...

BEZA to see $457m investment in hotels, pharma industries

BEZA to see $457m investment in hotels, pharma industries

SAIF UDDIN 2022-09-21 08:18:11

A total of six companies are set to invest US$457.13 million in the country's two economic zones (EZs) for establishing five hotels and a pharmaceuticals manufacturing unit. Five businesses will cons...

Import of Indian oil starts soon

Import of Indian oil starts soon

FE REPORT 2022-09-21 08:13:22

Bangladesh begins soon import of refined petroleum products from India to skip costly LNG import from the sanctions-hit volatile global market, officials say. On the inventory of buy from India's s...

BGMEA stresses harmonious relations for greater interest of RMG industry

BGMEA stresses harmonious relations for greater interest of RMG industry

-- 2022-09-20 21:14:44

BGMEA President Faruque Hassan urged workers and entrepreneurs to remain united and work together for the greater interests of the RMG industry. He also underscored the importance of maintaining harm...

High Court-appointed Evaly board resigns

High Court-appointed Evaly board resigns

FE ONLINE DESK 2022-09-20 19:26:27

All of members of the board, which was formed by the High Court to manage, control and assesses the liabilities of e-commerce platform Evaly, have decided to quit their jobs at the e-commerce platform...

ShareTrip wins ‘World Travel Awards’ for providing excellent travel solutions

ShareTrip wins ‘World Travel Awards’ for providing excellent travel solutions

-- 2022-09-20 19:26:15

Leading online travel agency (OTA) ShareTrip brought home the ‘World Travel Awards’ for the fourth consecutive time.  It won awards in different categories including ‘Banglades...

HSBC launches special programme, ‘Dekhi Banglar Mukh’, on Canada’s NRB TV

HSBC launches special programme, ‘Dekhi Banglar Mukh’, on Canada’s NRB TV

-- 2022-09-20 19:03:29

HSBC Bangladesh and HSBC Canada jointly launched a special series cultural programme, ‘Dekhi Banglar Mukh’ on Canada's NRB TV intending to create a strong attachment with the clients. Acc...

Elon Musk faces skeptics as Tesla gets ready to unveil 'Optimus' robot

Elon Musk faces skeptics as Tesla gets ready to unveil 'Optimus' robot

-- 2022-09-20 18:29:48

Tesla Chief Executive Elon Musk blamed overreliance on factory robots for sending the electric carmaker to "production hell" four years ago, saying humans were better at certain jobs. My, how times h...

Apple to hike App Store prices in several countries from Oct

Apple to hike App Store prices in several countries from Oct

-- 2022-09-20 10:17:18

Apple said on Monday prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia and all territories that use the euro currency, from next mo...

Call for logistics policy to make ports efficient

Call for logistics policy to make ports efficient

FE REPORT 2022-09-20 10:07:08

Speakers at a seminar on Monday suggested that the government make the port logistics system more efficient to lower cost of doing business and attract more investment in industries. To this effect,...

Carrefour eyes business expansion in Bangladesh

Carrefour eyes business expansion in Bangladesh

FE REPORT 2022-09-20 08:56:24

French retailer Carrefour looks to expand its business base in Bangladesh through strengthening partnership with local garment suppliers. The willingness was expressed when Carrefour director for tex...